Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. J.B. Hunt Transport Services, Inc shares valued at $1,100,819 were sold by Simpson Shelley on Dec 05 ’24. At $183.47 per share, Simpson Shelley sold 6,000 shares. The insider’s holdings dropped to 82,264 shares worth approximately $14.01 million following the completion of this transaction.
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Also, McGee Eric sold 145 shares, netting a total of over 26,495 in proceeds. Following the sale of shares at $182.72 each, the insider now holds 700 shares.
Before that, Shelley Simpson had added 6,000 shares to its account. In a trade valued at $1,110,780, the President and CEO bought J.B. Hunt Transport Services, Inc shares for $185.13 each.
As published in a research note from TD Cowen on October 16, 2024, J.B. Hunt Transport Services, Inc [JBHT] has been retained to a Hold and the price target has been revised to $182. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of July 17, 2024, TD Cowen has reiterated its “Hold” rating for JBHT. Earlier on June 07, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for JBHT stock.
Analyzing JBHT Stock Performance
During the last five days, there has been a drop of approximately -6.44%. Over the course of the year, J.B. Hunt Transport Services, Inc shares have dropped approximately -14.74%. Shares of the company reached a 52-week high of $219.51 on 02/15/24 and a 52-week low of $153.12 on 06/14/24. A 50-day SMA is recorded $181.50, while a 200-day SMA reached $173.69. Nevertheless, trading volume fell to 0.95 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for J.B. Hunt Transport Services, Inc (JBHT)
According to the 24-hour chart, there is a support level at 167.12, which, if violated, would cause prices to drop to 163.96. In the upper region, resistance lies at 176.27. The next price resistance is at 182.26. RSI (Relative Strength Index) is 29.30 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.53, which suggests the price will decrease in the coming days. Percent R is at 98.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
